NZD/USD could edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%29%-8.3%
Shorts73%71%3.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇗⇒

[ANNOUNCE]The 50– hour simple moving average guided the New Zealand Dollar against the US Dollar on Friday. The currency pair made about 35 pips move during Friday's trading session.[/ANNOUNCE]

The NZD/USD exchange rate is currently trading near the upper boundary of an ascending channel pattern and could be set for a breakout. If the breakout occurs, a surge towards the 0.6900 level could be expected within this session. 

However, if the channel pattern holds, bearish traders could target the support cluster at 0.6720 today.

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